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Analytics, News, and Forecasts for CFD Markets: stock news — 08-07-2020.
U.S. stock-index futures rose slightly on Wednesday, as investors weighed hopes for a quick economic recovery against worries about a resurgence of the coronavirus cases and the return of lockdowns in some countries.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,438.65 | -176.04 | -0.78% |
Hang Seng | 26,129.18 | +153.52 | +0.59% |
Shanghai | 3,403.44 | +58.10 | +1.74% |
S&P/ASX | 5,920.30 | -92.60 | -1.54% |
FTSE | 6,166.11 | -23.79 | -0.38% |
CAC | 4,989.73 | -54.00 | -1.07% |
DAX | 12,531.42 | -85.38 | -0.68% |
Crude oil | $40.70 | +0.20% | |
Gold | $1,815.30 | +0.30% |
Apple (AAPL) target raised to $400 from $380 at Deutsche Bank
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 154.55 | -0.27(-0.17%) | 5360 |
ALCOA INC. | AA | 11.88 | 0.65(5.79%) | 206811 |
ALTRIA GROUP INC. | MO | 39.8 | -0.14(-0.35%) | 8895 |
Amazon.com Inc., NASDAQ | AMZN | 3,023.00 | 22.88(0.76%) | 35083 |
American Express Co | AXP | 91.9 | -1.11(-1.19%) | 33740 |
Apple Inc. | AAPL | 375.72 | 3.03(0.81%) | 202580 |
AT&T Inc | T | 30.43 | 0.11(0.36%) | 110577 |
Boeing Co | BA | 179.5 | 0.62(0.35%) | 248913 |
Caterpillar Inc | CAT | 128.03 | 0.83(0.65%) | 22184 |
Chevron Corp | CVX | 87.04 | 0.73(0.85%) | 22765 |
Cisco Systems Inc | CSCO | 45.56 | -0.07(-0.15%) | 28965 |
Citigroup Inc., NYSE | C | 50.27 | -0.05(-0.10%) | 44754 |
Exxon Mobil Corp | XOM | 43.4 | 0.16(0.37%) | 23232 |
Facebook, Inc. | FB | 238.1 | -2.76(-1.15%) | 172430 |
FedEx Corporation, NYSE | FDX | 158.5 | -0.04(-0.03%) | 5392 |
Ford Motor Co. | F | 6.13 | 0.01(0.16%) | 136725 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 12.9 | 0.17(1.34%) | 57726 |
General Electric Co | GE | 6.81 | 0.05(0.74%) | 1418751 |
General Motors Company, NYSE | GM | 25.29 | 0.16(0.64%) | 10607 |
Goldman Sachs | GS | 199.05 | -0.31(-0.16%) | 14972 |
Google Inc. | GOOG | 1,490.00 | 4.82(0.32%) | 3558 |
Hewlett-Packard Co. | HPQ | 16.74 | 0.11(0.66%) | 83655 |
Home Depot Inc | HD | 246.82 | -0.53(-0.21%) | 35537 |
Intel Corp | INTC | 58.08 | -0.23(-0.39%) | 30662 |
International Business Machines Co... | IBM | 117.84 | 0.26(0.22%) | 5828 |
Johnson & Johnson | JNJ | 143.15 | 0.30(0.21%) | 23084 |
JPMorgan Chase and Co | JPM | 92.25 | -0.07(-0.08%) | 61178 |
McDonald's Corp | MCD | 185.83 | 0.01(0.01%) | 6529 |
Merck & Co Inc | MRK | 78.9 | 0.18(0.23%) | 9273 |
Microsoft Corp | MSFT | 209.65 | 1.40(0.67%) | 133520 |
Nike | NKE | 97 | -0.07(-0.07%) | 24664 |
Pfizer Inc | PFE | 34.01 | -0.02(-0.06%) | 27607 |
Procter & Gamble Co | PG | 122.16 | -0.06(-0.05%) | 23128 |
Starbucks Corporation, NASDAQ | SBUX | 74.15 | -0.10(-0.13%) | 5717 |
Tesla Motors, Inc., NASDAQ | TSLA | 1,400.04 | 10.18(0.73%) | 195654 |
The Coca-Cola Co | KO | 45.13 | -0.08(-0.18%) | 8265 |
Travelers Companies Inc | TRV | 111.5 | -0.98(-0.87%) | 2941 |
Twitter, Inc., NYSE | TWTR | 33.25 | 0.26(0.79%) | 50001 |
UnitedHealth Group Inc | UNH | 295.6 | -1.05(-0.35%) | 4118 |
Verizon Communications Inc | VZ | 55.16 | 0.12(0.22%) | 10919 |
Visa | V | 194.48 | 0.28(0.14%) | 18235 |
Wal-Mart Stores Inc | WMT | 127.97 | 1.02(0.80%) | 254718 |
Walt Disney Co | DIS | 113.78 | 0.15(0.13%) | 22223 |
Yandex N.V., NASDAQ | YNDX | 50.88 | 0.91(1.82%) | 6039 |
Altria (MO) downgraded to Equal Weight from Overweight at Barclays; target $43
Caterpillar (CAT) upgraded to Neutral from Underperform at BofA Securities
FXStreet reports that Citibank’s Chief U.S. equity strategist Tobias Levkovich and his team bumped their price target for the S&P 500 index to 2,900 from the previous estimate of 2,700 this year. The upward revision implies a 10% drop in the US benchmark from the current levels of 3,150.
“Barring a big shock, it is improbable to think of a trading range for the S&P 500 in the 2,500-3,000 area, but more likely in the 2,700-3,200 vicinity as the monetary policy will be in place to prevent a 20% or greater decline.”
“We envision volatility for equities as the good news is being priced in and problems are being overlooked.”
“A second wave of debilitating COVID-19 cases that causes either new shutdowns or slower economic recovery would be challenging, not to mention the U.S. elections, but these are not immediate threats, and investors appear to only have short-term time frames currently.”
“We add that margin pressures from trade friction and weak year-over-year trends (despite better sequential activity) also matter.”
“Ultimately, earnings have to come back in a very meaningful way, and the market already is anticipating that likelihood over time.”
“As businesses try to absorb fixed overhead costs during the pandemic, a much higher level of activity is required to generate incremental margins.”
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -99.75 | 22614.69 | -0.44 |
| Hang Seng | -363.5 | 25975.66 | -1.38 |
| KOSPI | -23.76 | 2164.17 | -1.09 |
| ASX 200 | -1.7 | 6012.9 | -0.03 |
| FTSE 100 | -96.04 | 6189.9 | -1.53 |
| DAX | -116.65 | 12616.8 | -0.92 |
| CAC 40 | -37.78 | 5043.73 | -0.74 |
| Dow Jones | -396.85 | 25890.18 | -1.51 |
| S&P 500 | -34.4 | 3145.32 | -1.08 |
| NASDAQ Composite | -89.76 | 10343.89 | -0.86 |
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